Examples of Initial Obligors in a sentence
October 26, 2019 date to be used for awards to Directors, DMs , and any other individual whom the Board designates.
Each of the Initial Obligors incorporated in England will provide a debenture creating fixed and floating charges over all of its assets and a charge by its direct Holding Company or Holding Companies over all of the shares in that Initial Obligor.
On 26 February 2016, the Company announced that it had on 26 February 2016 entered into a loan and investment agreement with SCD, as well as Sear, Tsoi and Ge (collectively, "Initial Obligors"), to advance an aggregate of US$4,300,000 (approximately S$6,022,0003) to SCD in connection with the joint venture of the property development project relating to the SCD Property ("SCD Project").
As used in this Agreement, the terms "Administrative Agent," "APL New York," "APL Ohio," "APL Pennsylvania," "APL Operating," "APL Mid-Continent," "Borrower," "Initial Guarantors," "Issuing Bank," "Lender," "Lenders," "Initial Obligors," "Original Credit Agreement," "Original Lenders," "Elk City", "Elk City GP", "Co-Lead Arrangers", "Existing Credit Agreement," "Existing Debt," and "Existing Lenders" shall have the meanings indicated above.
The proceeds of the Revolving Loans will be used (a) by the Initial Obligors to repay existing intercompany indebtedness to Vodafone and to pay a cash distribution to AirTouch Communications, Inc.